Summary of Profit First
From PROFIT FIRST by Mike Michalowicz Summarized by arrangement with Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC.
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- Concrete Examples
This practical workbook can help small-business owners improve their companies. The core of entrepreneur Mike Michalowicz’s advice is self-evident: If you pay yourself and the government first – in profit, salary and taxes – you have to run your business with what’s left. In his analysis, focusing on expenses before anything else and martyring your profits and salary to reinvest in growth creates a never-satisfied beast you eventually have to kill. Michalowicz hones his simple but uncommon message relentlessly: Put “profit first” and thrive.
About the Author
Mike Michalowicz is head of Profit First Professionals. You can find an “Instant Assessment Form” for your business at mikemichalowicz.com.
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